Jul 21, 2011 11:00am EDT
against, well, another reminder of the grim economic reality we're all facing. jon: those new weekly jobless claims just out today came out higher than expected, 418,000 americans filing for first-time unemployment benefits. wendall goler live at the white house right now, explain the president's offer for this short-term extension of the debt ceiling. >> reporter: well, you pretty much had it. the president won't agree to extend the time of the august 2nd deadline for lawmakers to reach a deficit-cutting agreement, but if they agree on a deal, he'll give them a few more days to turn it into legislation and put it on his desk. and the best hope, it appears, for a bipartisan compromise appears to be the so-called gang of six proposal which would trim the deficit about $3 be.7 trillion -- $3.7 trillion. it includes more than a trillion dollars in increased tax revenue, but the president, the white house and some republican members of the gang of six hope they can sell it to house republicans, the vast majority of whom have signed a new no new taxes pledge. >> i don't want to give polit
Jul 21, 2011 8:00am PDT
, hope you're off to a good thursday, i'm jenna lee. jon: and i'm jon scott, we're here in the fox newsroom, and "happening now," buying time on the debt crisis. the obama administration signaling it is open now to a short-term deal that would raise the debt ceiling. only, though, if congressional leaders can agree on a, quote, significant deficit reduction plan. the short-term deal would give congress time to pass a larger plan and avert possible government default august 2nd, but right now 12 days from that deadline, there is no deal on anything. jenna: ifs and maybes. in the meantime, fox news poll showing 60% of americans would vote against raising the debt limit. the showdown over the future of america's financial security come against, well, another reminder of the grim economic reality we're all facing. jon: those new weekly jobless claims just out today came out higher than expected, 418,000 americans filing for first-time unemployment benefits. wendall goler live at the white house right now, explain the president's offer for this short-term extension of the debt ceiling.
Jul 20, 2011 10:00pm PDT
side's rhetoric squares very well with reality. let's get some perspective now from jon corzine, former democratic governor of new jersey, before that a u.s. senator and ceo of goldman sachs. currently he runs an investment firm mf global holdings limited. also carli fiorina, advisor to republican senatorial committee. also former senior campaign adviser to john mccain and before that ceo of hewlett-packard. let me start with you carly. you heard those sound bites. it seems like ending the corporate jet tax hike would be uncontroversial, but it seems like some of your fellow republicans are drawing a hard line on any revenue-raising proposals whatsoever. do you believe we can make a dent without doing that? >> i think first of all with regard to the rhetoric of millionaires and billionaires, the problem is when you look at the fine print what democrats are really talking about is raising taxes on a family that makes $250,000. and if you're a nurse and a fireman raising two kids, you don't feel very wealthy right now. so i think that's the problem. the rhetoric doesn't match the reality.
Jul 20, 2011 7:00pm PDT
there are going to be folks on both sides. the question is, can you get enough votes? and i think jon is absolutely right. it's critically important that we raise the debt ceiling. i think, however, the president of the united states is not a freshman house republican. >> right. >> and as i said, this deal has been on the table for a long time. this problem has been on the table for a long time. i think we need the president of the united states, the leader of the free world, to step forward and lead here. and i think there will be enough bipartisan support to get a deal done. >> has he not been leading on this? i mean, with regards to his most recent conversations? >> you know, disappointingly president obama put forward a budget in february. this was his opportunity to lead, in my opinion that. budget was voted down 97-0. it tackled entitlement reform not a bit. he gave a wonderful speech in april which the congressional budget office said it couldn't score because there weren't enough specifics. the truth is, the president himself has never put a deal on the table. he's asked other
Jul 20, 2011 6:30pm PDT
? >> you mean former governor of jersey the -- >> come on! >> jon corzine! >> gold is goldman sachs! is this legislation or reasonable facsimile gets passed by both houses of congress, will it be an historic event, pat. >> i think if they got the obama big deal be historic. i don't think they'll get a small deal. i think they're going to get some baby cuts and increase in the debt ceiling. >> eleanor? >> if they increase the debt ceiling, okay, disaster averted. but it's hardly historic. >> you'll get a fizzle and it will happen probably august 1. >> if they got a 4 billion- dollar or 4 trillion cut in expense to go with me, it would run! >> do you walk this fast all the time? >> only when i'm running away from you guys. >> media tycoon rupert murdoch didn't only deliver the news this week. murdoch was the news and continues to be the news. the owner of the news corp, a $32 billion media con gone rat, is in the eye of a whirl storm. the rap is hacking. murdoch's journalists have been hacking into the cell phones apparently of the owners and users of those phones. police reports say
Jul 21, 2011 3:00pm PDT
, jon huntsman changed the stewardship with a manager matt david. former aide to schwarzenegger and veteran of the bush and mccain campaign. he plans to step up criticism of the rival; particularly, romney, and quote indictment of obama's record in new hampshire, buddy romer launched his bid. democrat in congress before becoming republican as governor in '91, a longshot yet to show up in the polls with little name recognition or cash. the story of the poll is perry, who without entering the race is battling for the lead and picking up steam in washington, carl cameron, fox news. >> bret: speaking of "steam," the soaring temperatures that plagued the midwest for much of the week have spread further east. look at this. the heat indexes. forecasters have issued excessive heat warning for huge section of the country from kansas, to massachusetts. nearly two dozen deaths have been blamed on the temperatures. the national weather service expects triple-digit temperatures in the eastern part of the country through saturday before cooling off to the mid-90s on sunday. >>> u.s. ambassado
Jul 20, 2011 9:00pm EDT
of a mafia-themed pizza chain. newt gingrich, designed to separate the gullible from their money, jon huntsman, gary johnson, former new mexico governor. fred karger, and gay rights activist, andy martin, a man who proclaims himself to be the king of the birthers, and who am i to question? thaddaeus mccarter, very, very fancy socks in youtube videos. jimmy mcmillan, congressman ron paul, who, of course, needs no introduction. former minnesota governor, tim pawlenty, who would love a introduction, but i'm busy. john romer, former massachusetts' governor and current moneybags, willard, mitt romney, and rick santorum. there are a lot of people who think they should be the republican party's choice to run against president obama next year. who has a real shot at it? you can tell by polling. each poll is expensive. if you are a polling firm, particularly if you are polling nationally, you have got to decide who is viable enough as a candidate to warrant inclusion in your poll, who you think has a real chance. you cannot poll on every one every time, you would go broke. you have to narrow d
Jul 21, 2011 12:00pm PDT
to see it as well. >>> jon huntsman, the former utah governor, now running for president. there's been a make shake-up in his campaign. his campaign manager is no longer his campaign manager. someone else has come in. susy wiles is gone, matt david is in. susie has served well and was vital in getting it off the ground in such a short time frame now the campaign is moving into phase 2, more aggressive from a tactical standpoint, and matt is prepared to take that on. another little reshuffle there in that campaign. it comes with the territory. we're watching all of this obviously very closely. don, back to you. >> wolf, thank you very much. >>> the next update in about 30 minutes. >>> now i want you to watch this. >>> the race to reach a debt deal. if it doesn't happen in 12 days, many say it could have catastrophic economic consequences. but try this one. is the deadline actually sooner? how much longer will wall street wait? brooke's off, i'm don lemon, the news starts right now. >>> children are dying. they're being left on the side of the road, because millions are hungry and can't
Jul 21, 2011 9:00am EDT
're off to a good thursday, i'm jenna lee. jon: and
Jul 21, 2011 1:00pm EDT
just crossing the wire, the campaign manager for former utah governor jon huntsman, her name is susie wiels, and she is resigning. we are working to independently confirm this story. that report is coming in from "the washington post." we'll let you know what we get when we get it. >>> all right. now let's go to the latest in the u.k. phone hacking investigation of news corp. international which is -- news international, i should say, which is owned by news corp., the parent company of fox news. greg talcott on this story for us today live from london. hi, greg. >> reporter: hey, martha. investigators continue to look at that phone hacking scandal amid new reports of a possibly broader scope to that probe. this comes after a week of dramatic testimony, we've heard from the chairman, chief executive of news corp., rupert murdoch, on tuesday, and yesterday in the house of commons, british prime minister david cameron was on the hot seat. questions continue today about his dealings with news corp. executives. his government is sticking to the line there were no inappropriate discussions.
Jul 21, 2011 2:05am PDT
the question? has the migraine ever kept you from work? >> we'll see if she does. jon karl says he follows her closely on the campaign trail and no one works harder or more vigorously out there. so far, so good. >>> other news now, the postmaster general is pushing now to cut back mail delivery to just five days a week. he says the post offffe lost $8 billion last year and is on track for a similar loss this year. that's because mail volume is down mostly because of people using the internet for letters and to pay their bills. >>> it is a bittersweet morning for nasa astronauts and crew members as the final shuttle mission comes to an end. it's the end of the historic shuttle program that dates back to the 1980s. while the crew says gogo-bye to the shuttle, many nasa employees ll be saying good-bye to their jobs. >> reporter: on their last full day aboard the space shuttle "atlantis" the crew practiced landings on a computer laptop, peered out the windows and read poetry. the men on the ground who will lead "atlantis" back through the landing said thursday morning would be tough. >> i don't th
Jul 21, 2011 6:00am EDT
bernstein and contributing editor gabe sherman. it's kind of funny, what jon stewart said. >> he is funny. what's your point? >> it's kind of not funny, too. seriously. >> it's fascinating. are you doing the reporting? >> i have been. writing a series of web pieces. this is just an epic story. the amount of headlines every day coming out of this story. this, on a normal day would be, you know, a month long story. every headline would have a long shelf life. yet, they keep coming. to me, the next step is what does this mean for the future of news corp. and rupert murdock. who is going to step in if there's a management takeover. >> you talked in your last piece that i read how this seems counter intuitive but it's good for roger ayles. >> for once, all the critics are not talking about fox. fox is not involved in this, as far as we know in the hacking saga. it's a legitimate business. what's going on with murdock's tabloid has nothing to do with fox news. >> explain how his enemy's within his family and news corp. are going up in flames now. that leaves ayles stronger. >> that's been roger